China's major stock indices have adjusted their constituents beginning from Monday to incorporate more new economy companies.
The adjustments involve several major indices from the Shanghai, Shenzhen, and Beijing stock exchanges, including the CSI 300, CSI A50, CSI A500, SSE 50, SSE 180, SZSE Component Index, ChiNext Index, and BSE 50.
Some of the indices are closely monitored by investors and linked to funds each with a total scale reaching hundreds of billions of yuan.
"A-share indices mainly adjust their constituent stocks in June and December, with the proportion of adjustments usually within 10 percent. This approach not only maintains the stability of the indices but also enhances their representativeness," said Zhang Shiyue, index fund manager with the CIB Fund Management Co., Ltd.
According to experts, the adjustment aligns with the development of China's economic structure.
"With the transformation and upgrading of China's economic structure in recent years, the number of listed companies in the new economy sector, such as information technology, medicine, healthcare, and advanced manufacturing, has been increasing across the three A-share stock exchanges. As a result, the constituent stocks of the indices have been adjusted accordingly. Increasing the proportion of listed companies in relevant industries can better reflect the latest trends in China's market, guide market funds to invest, and more effectively support technological innovation and the development of new quality productive forces," said Tian Lihui, dean with the Nankai University Institute of Finance and Development.
China's major stock indices adjusted to include more new economy companies
China's major stock indices adjusted to include more new economy companies
The organizing committee of the Milano-Cortina 2026 Paralympic Winter Games has unveiled the titles, creative visions, and first talents of the opening and closing ceremonies, as Thursday marked 50 days before the event officially gets underway.
Scheduled from March 6 to 15 across multiple Italian cities, the Games will bring together 665 athletes from 50 countries and regions to compete for 79 gold medals across six sporting disciplines.
The opening ceremony, titled "Life in Motion," will be staged at the historic Arena di Verona, a UNESCO World Heritage Site, presenting a tribute to change and transformation that seeks to redefine disability through a new harmony between people and the environment.
"I paid close attention to the opening ceremony of the Beijing Winter Olympics, which I consider one of the three or four most beautiful in the history of Olympic ceremonies. This time at the ancient Arena di Verona, we will place greater emphasis on showcasing the human element," the ceremonies' artistic director Alfredo Accatino told a Chinese reporter at the event.
The closing ceremony, themed "Italian Souvenir," will be held on March 15 at the Cortina Curling Olympic Stadium, guiding athletes, volunteers, and fans through a journey that captures the emotions and memories of the Games after days of competition and achievement.
Craig Spence, the International Paralympic Committee's Chief Brand and Communications Officer, believes that Italy will deliver "the best Paralympic Games" following the benchmark set by the Beijing Winter Paralympics in 2022.
"I think what China did in Beijing has really set the benchmark for all future teams competing in the Paralympic Winter Games in terms of performance. That's why I think Milano-Cortina will be the best Paralympic Games we've ever seen for sports," he said.
Milano-Cortina Paralympics reveal opening, closing themes as Games draw near
